NEW YORK, Dec. 23, 2011 (GLOBE NEWSWIRE) -- El Maniel International Inc (EMLL:OTC) announced today that the Company has recently reported stellar results for the fiscal year ended September 30, 2011 with the achievement of highest-ever fiscal consolidated net revenues of $512,000 as well as becoming a revenue generating company for the first time in fiscal 2011. "Fiscal 2011 was an outstanding year for the Company and the recorded stellar net revenues of $512,000 from zero revenues in the comparable fiscal 2010 reflects our continued efforts in adding value to our investors" according to Jamie Khoo, CEO of El Maniel International, Inc. "We benefited from the exponential rise in gold prices as the substantial growth in our revenues was attributable primarily to our gold trading and production initiatives and we will continue capitalizing on the immense profit potential under this domain in fiscal 2012". El Maniel International, Inc trades on the OTC Pink Current Information tier of the OTC Market and the Company's financials are available via www.otcmarkets.com.
"For fiscal 2012 we are very optimistic that our revenue growth projection will hit a rate of at least 200 percent from that of fiscal 2011 and we are determined in achieving this through a sustainable and robust quarter-over-quarter revenue growth rate by building on our many strong accomplishments in gold trading and production initiatives as well as through acquisition and development of new mining assets" continued Jamie Khoo "We are constantly in the lookout for new gold mining assets as the strength of our organization lies in the gold business domain and our continued investment in these areas underscores our commitment in building shareholders' value". For latest updates, visit www.elmaniel.com.
About El Maniel International, Inc:
El Maniel International Inc is a publicly traded company currently focusing in the gold business domain including but not limited to trading, prospecting, developing and expanding the economic potential of its world class mining claims and the company is committed in creating shareholder's value by ensuring constant development of current and new resources in its global gold business domain. For further information, visit www.elmaniel.com
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risk and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.